Clayton Utz and Ashurst have acted as legal advisers as BHP Billiton struck a deal to sell its Yeelirrie uranium deposit in Western Australia to Canada’s largest uranium miner, Cameco Corporation.
Clayton Utz has advised Cameco Corporation on the agreement with BHP Billiton for the acquisition for US$430 million.
Energy and resources and M&A partners Heath Lewis and Brett Cohen led the Clayton Utz team in Perth that advised on the transaction, which is subject to regulatory approvals.
Ashurst advised BHP Billiton on the deal.
Yeelirrie is one of Australia’s largest undeveloped uranium deposits, located about 650 kilometres northeast of Perth and about 750 kilometres south of Cameco’s Kintyre exploration project.